Billing Services Group (LSE:BILL) Cash And Cash Equivalents : £5.60 Mil (As of Jun. 2019)

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What is Billing Services Group Cash And Cash Equivalents?

Billing Services Group's quarterly cash and cash equivalents increased from Jun. 2018 (£6.79 Mil) to Dec. 2018 (£7.30 Mil) but then stayed the same from Dec. 2018 (£7.30 Mil) to Jun. 2019 (£5.60 Mil).

Billing Services Group's annual cash and cash equivalents declined from Dec. 2016 (£12.10 Mil) to Dec. 2017 (£8.60 Mil) and declined from Dec. 2017 (£8.60 Mil) to Dec. 2018 (£7.30 Mil).

Billing Services Group Cash And Cash Equivalents Historical Data

The historical data trend for Billing Services Group's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Billing Services Group Cash And Cash Equivalents Chart

Billing Services Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Cash And Cash Equivalents

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5.78

4.96

12.10

8.60

7.30

Billing Services Group Semi-Annual Data
	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19
Cash And Cash Equivalents	Get a 7-Day Free Trial															12.50	8.60	6.79	7.30	5.60

Billing Services Group Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Billing Services Group (LSE:BILL) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Billing Services Group Cash And Cash Equivalents Related Terms

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Billing Services Group (LSE:BILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Billing Services Group Ltd (LSE:BILL) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Victoria Street, Canonâ€™s Court, Hamilton, BMU, HM 12

Website

http://www.bsgclearing.com

Billing Services Group Ltd is focused on payment solutions. The company offers a powerful suite of financial clearinghouse services for merchants, online stores, and telecommunications companies. Its services include local exchange carrier (LEC) phone clearing, billing and settlement solutions, toll clearing services, a Wi-Fi wholesale settlement solution, and VoiceLog Third Party Verification. The company generates a majority of revenue from LEC billing. Its geographical segment includes North America and Europe, the Middle East and Africa. The company derives the maximum revenue from North America.